Cyprus tourism is in damage limitation mode from the coronavirus outbreak as it faces a disastrous year, with hoteliers and tour operators pleading for state help as they find themselves on the
As Cyprus saw coronavirus cases reach double figures this week, molecular virologists are warning the island may face the same fate of Italy and China if more measures are not introduced immediately.
Despite getting off to a good start, the novel coronavirus outbreak may endanger the Cyprus tourist season before it even begins, claim hoteliers. As the virus gets a grip of countries from
As the novel Coronavirus spreads around the world, economies are shaken with stakeholders in the Cypriot economy fearing that if the virus poses a threat for a prolonged period Cyprus will pay a hefty price.
While Cyprus is desperate to produce clean energy, one of the island’s biggest and most technologically advanced RES projects has been tangled in government red tape for the past six years. The
Cyprus seeks to address challenges facing small and medium-sized enterprises (SMEs) in obtaining financing, by creating a state Equity Fund which will inject cash into capital-starved businesses and start-ups. Currently, the lack
News that Cyprus ranks fourth amongst EU member states for the number of enterprises (73%) using social media, companies still need to breach the digital divide. Despite the encouraging data presented in
While deposit rates are at rock bottom with some banks even applying negative interest on large sums, Insurance companies argue that their investment funds may offer shrewd investors a way out. According
Nicosia is doing its best to have a Cyprus-Greece passenger ferry link operational by the summer but the case is tangled up in EU state financing rules, said the Deputy Ministry of
Online auction of properties acquired by banks, mainly through debt-to-asset swaps to reduce their toxic loans, have started to take-off as many more are being sold off. A private online platform, BidX1
